@enharu wrote:
@navigatethis12 wrote:
@CreditScholar wrote:
@FinStar wrote:
@youngandcreditwrthy wrote:
Well, mine were excessive. I wound up with four hard pulls and an EQ fico score decrease from like 700+ to 672.
I can't help but point out that FinStar and Enharu seem PRObanks! LolTrolling again youndandcreditwrthy? I was under the assumption that your character would be above that...lol
There's nothing wrong with being pro-banks.
I'm not sure if youngandcreditwrthy was serious, but a lot of people these days seem to dislike people who like banks. Sometimes I'll look at other forums, such as cooking/baking or video games and people post about credit cards or chequing accounts there. Most of the responses say that credit cards are evil and that credit scores enslave people to carry debt and all sorts of rubbish. If the person complains the bank closed their account because of "only" a few overdrafts, everyone will say it's silly and go credit union. Anyone who agrees with the bank is criticised and accused of working for a bank.
I personally am almost always on the bank's side whenever I read stories of adverse action or other "bad" experiences. People seem to complain about everything and think that whatever the bank does is wrong and they should be treated like Zeus. I would love to be a credit analyst at a bank but there are no big banks(except PNC) 'round where I live. The other option is to start my own credit card company, but I reckon that's a long way off.
+1. Personally I feel that AA happens for a valid reason. For banks, they are constantly weighing their risks vs. rewards. Whenever a customer's risk grossly exceeds the perceived rewards, banks will then usually initiate a financial review, which may result in adverse action. I'm not exactly pro- or anti-banks per say, but things are always a lot better when viewed from a neutral perspective.
The problem with a lot of people is that they get very emo and bitter like some crazy scorn ex once any kind of adverse action is taken against them, such as:
"OMG THIS BANK CLOSED MY ACCOUNT THEY ARE THE WORST **bleep** BANK TO DEAL WITH"
"OMG THEY CLD ME THEY ARE UNREASONABLE IM A GOOD CUSTOMER. ALL I'VE BEEN BOUCNING BALANCES ON DIFFERENT ACCOUNTS BUT ITS NO HARM CUZ ITS 0%!!!!!!."
"OMG THEY SUCK BECAUSE THEY REFUSE TO GIVE ME A SP CLI"
"OMG THESE INQUIRIES ARE RIDICULOUS. THEY ARE NOT SUPPOSED TO DOUBLE / TRIPLE OR EVEN HP ME AT ALL FOR ANY APP / RECON"
I'm not referring to anyone specifically in mind, but this is really the kind of stupid stuff that people often write about simply because they're pissed. They react illogically, just like any bitter ex would, and starts becoming a drama queen for no good reason. This isn't just for banks either. Many people were pissed too when Amazon banned accounts due to excessive returns / claims, and also when Best buy reduced return policy time time limits to discourage showrooming, etc.
The other sad thing is that they expect everyone else to have a bad experience, just because they had one. Or that they get extremely excited when they read about another bad review. Trolls like these are everywhere, but at the very least it isn't as ugly on this forums as compared to certain sites.
@youngandcreditwrthy wrote:
Haha you know me, always a trollin'
Or more like procrastinating -.-
I'm actually hoping to get a banking job and change jobs once I grad :-pDidn't you already graduated?
You have 140k income as a leasing agent without a college cert? Not saying it's not possible, but just curious and also want to make sure I have the correct facts. Not important anyhow. No need to answer.
@FinStar wrote:
@CreditScholar wrote:That sounds very much like the pleb attitude towards money, and I hear it all of the time too. Successful people usually have quite different views regarding banks, money and credit. These people have already lost the battle, they just don't realize it yet.
+1
Right on the money (no pun intended) as always CreditScholar
+2.
People are usually very bitter when they want something but can't have it. They bitch about it 24/7, and their lives remain as miserable.
Only a small minority will work towards that goal and make it happen.
+3. As my father said when I was growing up, "in this world you can't have kings without servants". Contrary to what GenY has been told growing up, not everyone is going to be a winner. There are a lot more have-nots than haves, and that number is increasing every second.
Needless to say, there are some excellent points in this thread. Banks are a business, and as such they exist to make money. Period. All things (including actions and reactions on their part) should be viewed through this lens, and in doing so one will gain a much better understanding about their decision-making process.
If you're a profitable, low-hassle customer, they wouldn't be so quick to take AA. By doing this, they're essentially flushing money down the drain. This principle is true of all businesses, not just banks. AA usually occurs because of a catalyst that requires them to re-assess your risk profile, and then they make a (negative) judgement based on your new risk assessment versus your profitability. It's not random nor untargeted as some would make it out to be. If you're constantly carrying large balances, actively seeking lots of new credit, or are over-drafting (even once), they're usually indicators that you've become risker as a customer. I can't believe that people honestly think that overdrafting isn't a cause for concern. Absolutely unbelievable.
It's somewhat amusing to see the shift towards CUs ever since the GFC, as people (often unjustifiably) angry with the banks seek what they see as greener pastures. I hear a lot of people saying that they prefer CUs, but I honestly wonder as to their rationale. Are CUs really that much better, or are they just seeking to get away from "the evil banks"? I have a feeling it's less of the previous and more of the latter. I've never understood the fascination with CUs, as I find their products inferior and location coverage inferior in virtually all areas.
@FinStar wrote:
@enharu wrote:
@navigatethis12 wrote:
@CreditScholar wrote:
@FinStar wrote:
@youngandcreditwrthy wrote:
Well, mine were excessive. I wound up with four hard pulls and an EQ fico score decrease from like 700+ to 672.
I can't help but point out that FinStar and Enharu seem PRObanks! LolTrolling again youndandcreditwrthy? I was under the assumption that your character would be above that...lol
There's nothing wrong with being pro-banks.
I'm not sure if youngandcreditwrthy was serious, but a lot of people these days seem to dislike people who like banks. Sometimes I'll look at other forums, such as cooking/baking or video games and people post about credit cards or chequing accounts there. Most of the responses say that credit cards are evil and that credit scores enslave people to carry debt and all sorts of rubbish. If the person complains the bank closed their account because of "only" a few overdrafts, everyone will say it's silly and go credit union. Anyone who agrees with the bank is criticised and accused of working for a bank.
I personally am almost always on the bank's side whenever I read stories of adverse action or other "bad" experiences. People seem to complain about everything and think that whatever the bank does is wrong and they should be treated like Zeus. I would love to be a credit analyst at a bank but there are no big banks(except PNC) 'round where I live. The other option is to start my own credit card company, but I reckon that's a long way off.
+1. Personally I feel that AA happens for a valid reason. For banks, they are constantly weighing their risks vs. rewards. Whenever a customer's risk grossly exceeds the perceived rewards, banks will then usually initiate a financial review, which may result in adverse action. I'm not exactly pro- or anti-banks per say, but things are always a lot better when viewed from a neutral perspective.
The problem with a lot of people is that they get very emo and bitter like some crazy scorn ex once any kind of adverse action is taken against them, such as:
"OMG THIS BANK CLOSED MY ACCOUNT THEY ARE THE WORST **bleep** BANK TO DEAL WITH"
"OMG THEY CLD ME THEY ARE UNREASONABLE IM A GOOD CUSTOMER. ALL I'VE BEEN BOUCNING BALANCES ON DIFFERENT ACCOUNTS BUT ITS NO HARM CUZ ITS 0%!!!!!!."
"OMG THEY SUCK BECAUSE THEY REFUSE TO GIVE ME A SP CLI"
"OMG THESE INQUIRIES ARE RIDICULOUS. THEY ARE NOT SUPPOSED TO DOUBLE / TRIPLE OR EVEN HP ME AT ALL FOR ANY APP / RECON"
I'm not referring to anyone specifically in mind, but this is really the kind of stupid stuff that people often write about simply because they're pissed. They react illogically, just like any bitter ex would, and starts becoming a drama queen for no good reason. This isn't just for banks either. Many people were pissed too when Amazon banned accounts due to excessive returns / claims, and also when Best buy reduced return policy time time limits to discourage showrooming, etc.
The other sad thing is that they expect everyone else to have a bad experience, just because they had one. Or that they get extremely excited when they read about another bad review. Trolls like these are everywhere, but at the very least it isn't as ugly on this forums as compared to certain sites.
@youngandcreditwrthy wrote:
Haha you know me, always a trollin'
Or more like procrastinating -.-
I'm actually hoping to get a banking job and change jobs once I grad :-pDidn't you already graduated?
You have 140k income as a leasing agent without a college cert? Not saying it's not possible, but just curious and also want to make sure I have the correct facts. Not important anyhow. No need to answer.
@FinStar wrote:
@CreditScholar wrote:That sounds very much like the pleb attitude towards money, and I hear it all of the time too. Successful people usually have quite different views regarding banks, money and credit. These people have already lost the battle, they just don't realize it yet.
+1
Right on the money (no pun intended) as always CreditScholar
+2.
People are usually very bitter when they want something but can't have it. They bitch about it 24/7, and their lives remain as miserable.
Only a small minority will work towards that goal and make it happen.
Can we post this on a sticky?
very excellent points by enharu, CreditScholar, navigatethis12 as always.
They're some of my favourite posters. There's about a dozen people whose opinions I really value on these forums.
@CreditScholar
As usual , I look forward to reading your posts. The last sentence could have been left out. I'm sure you are familiar with the old saying, if you have nothing nice to say, the don't say anything at all'
As usual , I look forward to reading your posts. The last sentence could have been left out. I'm sure you are familiar with the old saying, if you have nothing nice to say, the don't say anything at all'
@CreditScholar wrote:
@09Lexie wrote:
@CreditScholar
As usual , I look forward to reading your posts. The last sentence could have been left out. I'm sure you are familiar with the old saying, if you have nothing nice to say, the don't say anything at all'Familiar with it? Sure. Agree with it? Not necessarily.
ROFLMAO!!!!!! CreditScholar you crack me up! See, I always look forward to his posts as well
